Your online guide to KiwiSaver, the Government superannuation scheme
The gender gap for average KiwiSaver balances widened five per cent from 2021 to 2022, increasing from 20 to 25 per cent. New data from the Te Ara Ahunga Ora Retirement Commission shows gender gaps in every age category widened with larger gaps opening in younger age groups, up 7% to 23% for 18-25 year …
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Digital financial adviser National Capital has hit $100 million in KiwiSaver funds under advice. National Capital founder Clive Fernandes says with the KiwiSaver total approaching the $100 billion mark ($971 billion in Q1 according to the Reserve Bank), a huge proportion of New Zealanders are still not getting any advice on their KiwiSaver accounts. He …
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Generate KiwiSaver has committed $20m to Icehouse Ventures’ Growth Fund II, a $100m venture capital fund to 20 established New Zealand technology companies to expand in global markets. Generate chief investment officer Sam Goldwater says, Generate was attracted by the unique deal flow and insights of Growth Fund II as a result of Icehouse Ventures’ …
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Under the heading ‘backing parents of young children’ the government has taken aim at the on-average lower KiwiSaver balances of women compared to men. In the Budget, the government acknowledges that taking parental leave is one of the main reasons women fall behind, saying it will spend $19.6 million total operating to match KiwiSaver ‘employer’ …
Continue reading “Budget boost addresses gender imbalance on KiwiSaver”